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The Latest Breaking News from KPMG

Economy slows to a crawl as consumers cut spending

Australia’s economy is slowing rapidly as families slash spending and raid their savings to deal with the cost of living crisis.

The New Daily

Consultancy firms to face scrutiny of Senate inquiry

A Senate inquiry will explore the interaction of consultants and government departments at a public hearing, as the PwC tax advice scandal continues.

The New Daily

Bank holidays fail to boost sales growth amid ongoing inflation worries

Total UK retail sales increased by 3.9% last month, below the three-month average growth of 4.7%, according to the BRC-KPMG Retail Sales Monitor.

The Independent UK

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Belfast leaders head to New York to woo US investors and trading partners

The New York - New Belfast event will spell the city's investment proposal out to US investors

Birmingham Post

Leona Maguire is looking for a touch of magic as major season looms

Maguire and her twin Lisa were avid Harry Potter fans as kids.

Irish Mirror

Firms fined most by regulators still on UK government’s list of top suppliers

Observer reveals that companies are getting big contracts in spite of paying penalties for corruption or fraud

The Guardian - UK

Road To Electrification: Survey Says Cost And Range Are The Top Hurdles

KPMG's Consumer Pulse Summer 2023 survey uncovers several factors that limit the wider adoption of electric vehicles in the US

InsideEVs

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US banking failures: the role of big auditors in another financial crisis

Three recent and very serious US bank failures – Silicon Valley Bank (SVB), Signature and First Republic – have one common denominator: all three businesses were audited by one of the world’s major professional services firms, KPMG.

The Conversation

North Sea business confidence 'at a near record low'

Survey shows capital spend and skills are increasingly moving overseas as the impact of high taxes hits home

Insider UK

Consumer confidence continues to recover despite living cost pressures – survey

GfK’s long-running Consumer Confidence Index rose by three points in May to minus 27, the fourth monthly increase in a row from January’s minus 45.

The Independent UK

PGA Championship Future Venues: Including Kiawah Island, Olympic Club and PGA Frisco

We take a look at where the PGA Championship heads to in the coming years, which includes an exciting new course in Texas that is home to the PGA of America's HQ

Golf Monthly

Thousands of approved housing projects on hold in Australia as construction costs soar

Apartments and townhouses hardest hit as developers opt for detached home builds that offer ‘much less uncertainty’

The Guardian - AU

How ACT prison's 'flawed' banking system became one inmate's cash cow

Changes to the jail's banking system were recommended in 2017.

The Canberra Times

What to expect next from the housing market

Fortune rounded up revised home price forecasts from 9 major research firms.

Fortune

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The New Daily

Financial clout in the superannuation sector is changing

The superannuation world is splitting in two with big industry super funds increasingly dominating in terms of asset base

Insider UK

Scottish scale-up investment dips as caution enters market

The £70m raised during the first quarter was the lowest amount during that period since 2020

Newsroom.co.nz

Labour looks for heavy hitters ahead of list rankings

A high-profile United Nations advisor will be confirmed in the North Shore seat for Labour this weekend and the party is in talks with a KPMG managing partner based in Vietnam

TechRadar

KPMG and Google Cloud really want your business to use AI

Heavily regulated industries, like finance and healthcare, are being targeted by KPMG and Google Cloud.

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The Guardian - UK

UK shoppers cut spending amid pressure on Bank of England over inflation

Sluggish retail sales and credit card spending figures add to fears for British economy

The Independent UK

Inflation drives retail sales growth but shopper budgets remain under pressure

The latest BRC-KPMG monthly retail sales monitor reported that retail sales grew 5.1% in April.

ABC News

Leaked report shows Queensland child safety staff believe case loads are 'unsustainable' and 'problematic'

The report says workers believed their high case loads undermined their ability to help vulnerable children and families.

The Guardian - AU

Consulting firm KPMG paid to audit Australian aged care homes while also advising providers

Public sector union says reliance on consultants is problematic as perceived conflicts of interest could damage public trust

Fortune

Execs think generative A.I. is a big deal—but are afraid to use it

A KPMG survey finds concerns about risk are slowing adoption. Nvidia tries to help companies get more comfortable with new guardrails framework.

Birmingham Post

Northcoders creates jobs as revenue almost doubles and it returns to profit

Northcoders has bases in Manchester, Leeds, Newcastle and Birmingham while its major corporate partners include Rolls-Royce, Disney, the BBC, KPMG and Sage

Fortune

How KPMG is diversifying its prestigious partner rank

KPMG's head of DEI shares how the company is increasing diversity among partners.

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